Registration number: 04955293

Affordable Appliances & Repairs Ltd

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3 to 4
Notes to the Unaudited Abridged Financial Statements	5 to 9

Affordable Appliances & Repairs Ltd

Company Information

Directors

Mr O Kidby Mr J Gilks

Registered office

91 Snowden Road Fishponds Bristol BS16 2EH

Accountants

Jay & Jay Partnership Limited Chartered Certified Accountants2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Affordable Appliances & Repairs Ltd
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Affordable Appliances & Repairs Ltd for the year ended 30 November 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Affordable Appliances & Repairs Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Affordable Appliances & Repairs Ltd and state those matters that we have agreed to state to the Board of Directors of Affordable Appliances & Repairs Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Affordable Appliances & Repairs Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Affordable Appliances & Repairs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Affordable Appliances & Repairs Ltd. You consider that Affordable Appliances & Repairs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Affordable Appliances & Repairs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jay & Jay Partnership Limited
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton Bristol
BS8 1RU

28 August 2026

Affordable Appliances & Repairs Ltd

(Registration number: 04955293)
Abridged Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	527	453
Investment property		470,000	470,000
		470,527	470,453
Current assets
Stocks		670	620
Debtors		480	887
Cash at bank and in hand		1,872	2,066
		3,022	3,573
Creditors: Amounts falling due within one year		(74,010)	(50,348)
Net current liabilities		(70,988)	(46,775)
Total assets less current liabilities		399,539	423,678
Creditors: Amounts falling due after more than one year	6.1	(108,016)	(108,016)
Provisions for liabilities		(32,781)	(32,781)
Net assets		258,742	282,881
Capital and reserves
Called up share capital		103	103
Retained earnings		258,639	282,778
Shareholders' funds		258,742	282,881

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Affordable Appliances & Repairs Ltd

(Registration number: 04955293)
Abridged Balance Sheet as at 30 November 2025

Approved and authorised by the Board on 10 August 2026 and signed on its behalf by:
 

......................................... Mr J Gilks Director

Affordable Appliances & Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
91 Snowden Road
Fishponds
Bristol
BS16 2EH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Affordable Appliances & Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance
Equipment	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

Affordable Appliances & Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contact that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Affordable Appliances & Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 December 2024	5,000
At 30 November 2025	5,000
Amortisation
At 1 December 2024	5,000
At 30 November 2025	5,000
Carrying amount
At 30 November 2025	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	2,114	10,371	12,485
Additions	179	-	179
At 30 November 2025	2,293	10,371	12,664
Depreciation
At 1 December 2024	1,764	10,268	12,032
Charge for the year	79	26	105
At 30 November 2025	1,843	10,294	12,137
Carrying amount
At 30 November 2025	450	77	527
At 30 November 2024	350	103	453

Investment properties

	2025 £
At 1 December	470,000

Affordable Appliances & Repairs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

The investment property was revalued to £470,000 on 30 November 2024, resulting in a fair value adjustment shown on the 2024 profit and loss account of £117,505, following the professional valuations carried out by C J Hole, Estate Agents, in April 2025. The basis of the valuation is fair value taking into account market conditions.

The directors consider this valuation to be the fair value of the properties at 30 November 2024 and 30 November 2025.

Had this class of asset been measured on a historical basis, the carrying amount would have been £307,881 (2024 - £307,881).

6

Creditors

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £108,016 (2024 - £108,016).

7	Related party transactions

Other transactions with directors

At the end of the year the company owed Mr J Gilks £68 (2024 - £85). This loan is interest free and repayable on demand.

At the end of the year the company owed Mr O Kidby £90 (2024 - £13). This loan is interest free and repayable on demand.